National Pension Service Makes New $26.65 Million Investment in FedEx Freight Hldg Co $FDXF

Key Points

• National Pension Service acquired 176,478 shares of FedEx Freight in the second quarter, worth approximately $26.65 million and representing about 0.12% of the company.
• Several analysts recently initiated coverage with positive ratings, including buy, outperform, and overweight recommendations. The stock has a consensus rating of “Moderate Buy” and an average price target of $172.67.
• FedEx Freight shares opened at $128.05, near the lower end of their 52-week range of $122.43 to $194.27. The company reported quarterly EPS of $0.00, while analysts expect full-year EPS of $4.80.

National Pension Service acquired a new stake in FedEx Freight Hldg Co (NYSE:FDXF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 176,478 shares of the company's stock, valued at approximately $26,648,000. National Pension Service owned about 0.12% of FedEx Freight at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CYBER HORNET ETFs LLC purchased a new position in FedEx Freight in the second quarter valued at about $44,000. United Community Bank purchased a new stake in FedEx Freight during the 2nd quarter worth approximately $46,000. Syntax Research Inc. purchased a new stake in FedEx Freight during the 2nd quarter worth approximately $64,000. First Bancorp Inc ME acquired a new position in shares of FedEx Freight in the 2nd quarter valued at approximately $80,000. Finally, Investors Research Corp acquired a new position in shares of FedEx Freight in the 2nd quarter valued at approximately $80,000.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings upgraded FedEx Freight from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday. Wolfe Research began coverage on shares of FedEx Freight in a research note on Thursday, June 4th. They issued an "outperform" rating and a $180.00 price target for the company. Jefferies Financial Group initiated coverage on shares of FedEx Freight in a report on Tuesday, June 23rd. They issued a "buy" rating and a $200.00 price target on the stock. Stephens began coverage on shares of FedEx Freight in a research note on Wednesday, July 8th. They set an "overweight" rating and a $180.00 price objective on the stock. Finally, Truist Financial began coverage on shares of FedEx Freight in a report on Tuesday, June 2nd. They set a "hold" rating for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $172.67.

FedEx Freight Price Performance

Shares of FedEx Freight stock opened at $128.05 on Friday. The company has a 50-day moving average price of $140.99. FedEx Freight Hldg Co has a fifty-two week low of $122.43 and a fifty-two week high of $194.27.

FedEx Freight (NYSE:FDXF - Get Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.00 EPS for the quarter. Equities research analysts anticipate that FedEx Freight Hldg Co will post 4.8 earnings per share for the current fiscal year.

About FedEx Freight

FedEx Freight is a less-than-truckload (LTL) transportation company that provides freight shipping services for businesses across North America. Its network transports palletized and other consolidated shipments that do not require a full truckload, serving manufacturers, wholesalers, retailers, distributors and other commercial customers.

The company offers a range of freight solutions, including standard and time-definite LTL delivery, expedited transportation, volume and consolidated freight services, and specialized options for residential or appointment-based deliveries.

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